Miss Madison Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311206651 ✦ Madison, IN ✦ Designated as a 501(c)(4)

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Overview

What is Miss Madison Inc?

Miss Madison Inc is a nonprofit organization based in Madison, Indiana, with a postal address. Their primary mission is to promote and publicize their hometown by participating in unlimited hydroplane races. This nonprofit organization, with a workforce of four individuals, aims to boost the city's visibility and attract attention to its unique events. Through their involvement in these races, they contribute to enhancing Madison's image and engaging the local community.


Official website here: www.missmadisonhydro.com

Is Miss Madison Inc legitimate?

Miss Madison Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Miss Madison Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,641

For more financial information, click here


Official website here: www.missmadisonhydro.com

What is the mission statement of Miss Madison Inc?

Miss Madison Inc's mission is centered around promoting a specific city through an unique activity. Specifically, they aim to enhance the city's visibility and appeal by participating in unlimited hydroplane racing events. This involvement in high-profile racing events serves as a platform to generate publicity and attract attention to the city, thereby boosting its overall image and appeal.


Official website here: www.missmadisonhydro.com

Who is the CEO of Miss Madison Inc?

Charles Grooms is the Director of Miss Madison Inc.


Official website here: www.missmadisonhydro.com

What is the revenue of Miss Madison Inc?

Miss Madison Inc's revenue in 2022 was $936,863.


Official website here: www.missmadisonhydro.com

Who are the executives of Miss Madison Inc and what are their salaries?

The average compensation at Miss Madison Inc during 2022 was $37,910. There are 4 employees and 6 volunteers at Miss Madison Inc.


Here are 6 key members and their salaries:


Danny Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Knoebel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Kernen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kirkpatrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Taylor (Sectreas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Grooms (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.missmadisonhydro.com

Where can I find the form 990 for Miss Madison Inc?

Miss Madison Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.missmadisonhydro.com

Learn more at the official website: www.missmadisonhydro.com

Mission Statement of Miss Madison Inc

Miss Madison Inc, as a nonprofit organization, is dedicated to promoting and publicizing the city of Madison, Indiana. They achieve this by engaging in unlimited hydroplane racing events. By participating in these high-speed water races, Miss Madison Inc generates excitement and attracts attention to the city, thereby boosting its visibility and reputation. This unique approach not only entertains the local community but also serves as a means to showcase the city's spirit and vitality on a larger scale.

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Impact




October, 2024

Miss Madison Inc significantly enhances the visibility and appeal of Madison, Indiana, through its active participation in unlimited hydroplane racing. This organization leverages the excitement of high-speed racing events to draw attention to the city, showcasing its unique recreational offerings and scenic beauty. By hosting and promoting these races, Miss Madison Inc not only entertains audiences but also stimulates local economic activity through tourism, hospitality, and related sectors. The thrill of the races creates a vibrant atmosphere that engages both residents and visitors, fostering community pride and interest in Madison’s heritage and culture.




This information is meant to be a general summary of Miss Madison Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$936,863 (2022)
Expenses
$986,999 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$6
  • Program Service Revenue: $840,461
  • Gross Receipts: $966,860

Assets and Liabilities:

  • Total Assets: $524,274
  • Total Liabilities: $245,390
  • Net Assets: $278,884

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RACING PRIZE MONEY

Revenue

$90,000

SPONSORSHIP INCOME

Revenue

$723,000

DISPLAY BOAT INCOME

Revenue

$9,500

PARTS AND SHOP INCOME

Revenue

$17,961

Organization Details

Founding Year

1951

Principal Officer

Charles Grooms

Main Address

PO BOX 3, MADISON, IN, 47250

NTEE Category

Code: N70 - Recreation

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